Geopolitics Alpha

Iraq sells 10 million barrels of crude at steep discounts

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Iraq sells 10 million barrels of crude at steep discounts

Iraq offloaded 10 million barrels of crude via southern terminals at discounts of up to $28 per barrel, largely to Indian firms, amid regional conflict pressures.

Directly affected

  • No company is named in this report.

Indirectly affected

  • LMT Lockheed Martin+14.2%

    Defense contractors get more work when conflict spending rises

  • RTX RTX-2.2%

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman+5.1%

    Defense contractors get more work when conflict spending rises

  • GD General Dynamics-2.1%

    Defense contractors get more work when conflict spending rises

  • XOM Exxon Mobil+11.0%

    Oil producers earn more when crude prices rise

  • CVX Chevron+9.9%

    Oil producers earn more when crude prices rise

  • ITA iShares U.S. Aerospace & Defense-6.7%

    A fund of aerospace and defense companies

  • BA Boeing-10.5%

    Defense and aerospace orders move with conflict spending

  • LHX L3Harris+2.0%

    Defense contractors get more work when conflict spending rises

  • HII Huntington Ingalls

    Shipyards benefit when naval spending rises

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
LMT-9.31%-8.71%baseafter closeafter closeafter closeafter close
RTX+0.57%+0.33%baseafter closeafter closeafter closeafter close
NOC-7.45%-2.17%baseafter closeafter closeafter closeafter close
GD-2.30%-1.30%baseafter closeafter closeafter closeafter close
XOM-2.72%-2.80%baseafter closeafter closeafter closeafter close
CVX-3.75%-2.77%baseafter closeafter closeafter closeafter close
ITA+2.64%+1.68%baseafter closeafter closeafter closeafter close
BA+1.64%+2.12%baseafter closeafter closeafter closeafter close
LHX-3.97%-2.45%baseafter closeafter closeafter closeafter close
HII-1.72%-0.04%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Iraq sells 10 million barrels of crude at steep discounts IraqiNews

Source: IraqiNews

Energy

CompanyWhenMoveStatus
BAthree days earlier+2.12%final price
BAfive days earlier+1.64%final price
COPthree days earlier-3.40%final price
COPfive days earlier-3.70%final price
CVXthree days earlier-2.77%final price
CVXfive days earlier-3.75%final price
GDthree days earlier-1.30%final price
GDfive days earlier-2.30%final price
HIIthree days earlier-0.04%final price
HIIfive days earlier-1.72%final price
ITAthree days earlier+1.68%final price
ITAfive days earlier+2.64%final price
LHXthree days earlier-2.45%final price
LHXfive days earlier-3.97%final price
LMTthree days earlier-8.71%final price
LMTfive days earlier-9.31%final price
MPCthree days earlier+2.58%final price
MPCfive days earlier+3.75%final price
NOCthree days earlier-2.17%final price
NOCfive days earlier-7.45%final price
OIHthree days earlier-0.91%final price
OIHfive days earlier-3.02%final price
OXYthree days earlier-2.27%final price
OXYfive days earlier-2.23%final price
RTXthree days earlier+0.33%final price
RTXfive days earlier+0.57%final price
USOthree days earlier-5.78%final price
USOfive days earlier-5.13%final price
VLOthree days earlier+4.13%final price
VLOfive days earlier+3.31%final price
XLEthree days earlier-1.69%final price
XLEfive days earlier-2.19%final price
XOMthree days earlier-2.80%final price
XOMfive days earlier-2.72%final price
XOPthree days earlier-1.32%final price
XOPfive days earlier-1.09%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “Iraq sells 10 million barrels of crude at steep discounts” looks

12 out of 100

“Iraq sells 10 million barrels of crude at steep discounts” scores 12 out of 100. The score uses 1 sources.